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Part 07

Part 07

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Published by: api-3848722 on Oct 18, 2008
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03/18/2014

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10/22/08
1
An Introduction to Fixed
Income Securities
Part-07
Basics
10/22/08
2
\ue000What is debt?
\ue000It is a financial claim.
\ue000Who issues is?
\ue000The borrower of funds
\ue000For whom it is a liability
\ue000Who holds it?
\ue000The lender of funds
\ue000For whom it is an asset
Basics (Cont\u2026)
10/22/08
3
\ue000What is the difference between
debt and equity?
\ue000Debt does not confer ownership rights
on the holder.
\ue000It is merely an IOU
\ue000A promise to pay interest at periodic
intervals and to repay the principal itself
at a prespecified maturity date.

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